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Saturday, November 23, 2024

Unemployment rate at 5.1% in third quarter, up 0.4 p. p. y/y

By: P.T., STA

The unemployment rate in Slovenia in the third quarter stood at 5.1%, which is on par with the second quarter and 0.4 percentage points more than in the same period last year. The employment rate was 54.9%, a 0.5 percentage points increase on the second quarter and 0.4 percentage points down year-on-year, the Statistics Office said on Friday.

The number of unemployed persons, 53,000, in the third quarter was about the same as in the previous quarter, while compared to the previous year it was higher by 7.7%. The unemployment rate was 4.4% among men and 5.9% among women.

Among the 53,000 unemployed persons, 56% had also been unemployed in the second quarter of 2020, 20% were employed and 24% were inactive.

The number of persons in employment, 979,000, in the third quarter increased by 1% compared to the previous quarter. Among employed persons, the number of student workers increased the most, by 107% (or 13,000 more compared to the previous quarter), followed by the number of employees with employment contracts, by 1% (or 9,000 more).

On the other hand, the number of self-employed persons decreased by more than 8% or by roughly 10,000. Compared to the same period of 2019, the number of self-employed persons decreased by 12%.

Slightly under 20% of what were a total of 859,000 employed persons were absent from work in the third quarter of 2020. 70% were on annual leave, 14% were on sick leave and only 4% were furloughed. In the second quarter, 47% of absent workers, 80,000 in total, were furloughed, while 10% were not working due to paid annual leave.

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